Germany’s Economic Stimulus: How Big? How Green? How Fair?

German Chancellor Angela Merkel’s government is preparing a bundle of measures to put Europe’s largest economy back on track after a nosedive triggered by the coronavirus pandemic.

With the long-standing balanced-budget target scrapped and the constitutional debt brake suspended, it could be a bigger public stimulus program than the Marshall Plan following World War II. Not surprisingly, the controversy surrounding its size and use is proportionately big.